Binance has announced that it will shut down its current NFT platform on July 3, 2026, marking the end of a service that once operated amid annual trading volumes exceeding $50 billion but now serves a market that generated roughly $5.5 billion in 2025. The exchange described the move as an upgrade, redirecting NFT functionality to Binance Wallet for a more seamless Web3 experience.
Starting June 3, 2026, users have one month to withdraw transferable NFTs before the deadline at 23:59 UTC on July 3. Those who fail to act will lose access to those digital assets entirely. Non-transferable NFTs, including completion certificates from Binance Academy, cannot be withdrawn and will become permanently inaccessible after the deadline; however, Academy users will receive replacement PDF certificates.
To ease the transition, Binance launched two fee reimbursement promotions. Up to 100,000 eligible users who withdraw non-CR7 NFTs directly to Binance Wallet (Keyless) on BNB Smart Chain or Ethereum between June 3 and June 17 will receive 1 USDC to cover typical withdrawal costs. Holders of CR7 NFTs can receive full reimbursement of withdrawal fees when completing transactions on BNB Smart Chain by July 3, with credits scheduled for July 19.
The closure follows earlier reductions in Binance’s NFT offerings, including the end of Bitcoin Ordinals support in April 2024 and the removal of Polygon network support in September 2023. The broader NFT market has cooled sharply; Q4 2025 volume reached $1.25 billion, down 28% from the previous quarter, with December contributing only $303 million. Several other platforms, such as Nifty Gateway and Kraken NFT, have also exited the space.
While winding down its NFT marketplace, Binance has expanded into traditional finance, offering over 7,000 U.S.-listed stocks and ETFs to eligible non-U.S. users, with fractional purchases starting at $5 and plans to launch tokenized stock representations called bStocks.
